Stocks Surge as Investors
Digest Fed's Rate Cut

In one of Wall Street's biggest rallies of the year, U.S. investors jumped into stocks, pushing the Dow Jones Industrial Average above 11000 again for the first time since September.

The rally followed the curious day-earlier action in which investors had seemed to shrug their shoulders at initial news of the Federal Reserve's fifth interest-rate cut of the year, leaving stocks little changed on a day when the bullish Fed announcement...